China’s bank-backed fund management firms saw higher net profit growth in 2016 than those without bank affiliations, according to a study by Cerulli Associates.
Tag: China
CICC buys stake in Kraneshares
Chinese investment bank China International Capital Corp (CICC) has agreed to take a majority stake in the New York-based ETF provider Krane Funds Advisors.
Regulators grant QFII quota and licences
First State and BOCHK received licences and US asset manager Hall Capital was granted QFII quota in June, according to China’s regulatory agencies.
Alibaba fund lifts China’s total AUM
The Yuebao money market fund had inflows of RMB 623.5bn ($91.8bn) in the first half of 2017 thanks to its 4% yield, according to mainland media.
Growing crop of HK robo-advisors adds another entrant
Hong Kong-based B2B robo-advisory startup Aqumon signed its first four clients to launch a fully-automated portfolio in the SAR and in China.
BMO PB sees HNWI caution rising
Clients in Asia are moving to defensive portfolios and investing in the basics, according to BMO Private Bank Asia CEO Monique Chan.
Morningstar adds and removes best China funds
The fund research firm has added three funds from HSBC, E Fund and Yinhua to its list of best Chinese onshore funds either awaiting approval or approved for sale through the MRF.
HK and China pledge more financial integration
China promises to grant more RQFII quota to Hong Kong and to promote mutual access to bond markets, but is vague about the launch of ETF Connect and MRF review, according to the latest pact signed by China and Hong Kong.
BOCHK fund hits MRF asset limit
The BOCHK All Weather China High Yield Bond Fund has stopped subscriptions after it approached the 50% limit of assets gathered in the mainland as MRF fund flows increased.
Survey: More Chinese wealth headed to private banks
China’s private wealth seems to be undergoing a shift from self-managed to professional wealth management, according to a survey from Bain & Company.
